The Illinois AgTech Accelerator has opened applications for its 2022 gener8tor AgTech cohort. This program will select five companies from the applicant pool for a 12-week accelerator program. gener8tor will also invest $100,000 in each company through its AgTech fund led by Serra Ventures and its latest fund, Serra Capital AgTech Fund, LP.
The Illinois AgTech Accelerator offers the gener8tor AgTech program once a year for early-stage companies from around the world. Each of five participating companies receive a $100,000 investment via uncapped convertible note or on their existing financing terms. The program is designed to help startups gain early customer traction on their product or idea, and establish metrics that demonstrate the viability of their concept and business model, and pitch investors. Applications are due February 20, 2022.
“We are looking forward to opening our network of ag-focused mentors and investors to a new batch of startups working to improve the future of ag,” said Jack Marck, Managing Director of the Illinois AgTech Accelerator. “We welcome applicants working on the future of ag, no matter where in the world they are.”
“As the lead investor in the Illinois AgTech Accelerator, we are excited to be ‘hands on’ and assist the gener8tor team throughout this process. We were greatly impressed with the quality of the applicants and selected teams in last year’s cohort, and expect another group of extremely interesting applicants,” said Dennis Beard, Managing Partner at Serra Ventures.
gener8tor‘s turnkey platform for the creative economy connects startup founders, investors, corporations, universities, job seekers, musicians and artists. The gener8tor platform includes accelerators, upskilling, corporate programming and conferences with content on community growth, impact investing, diversity, equity and inclusion, and innovation across education, agriculture, insurance, healthcare, and more. Recently, gener8tor was named one of Fast Company’s Best Workplaces for Innovators. For more information, visit gener8tor.com.
About Serra Ventures
Serra Ventures is an early-stage venture capital firm investing in technology companies. Sectors of focus include information technology, devices/instrumentation, and agricultural technologies. The profile of an ideal startup for consideration by Serra is one that has just finished an accelerator program, an I-Corps program or has been through a round of seed funding to establish and prove a strong product-market fit. Serra Ventures is headquartered in Champaign, Illinois, with additional offices in San Diego, Park City and Chicago. For more information, visit www.serraventures.com.
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